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Grayscale Plans Quarterly Cash Payouts for ETH and SOL Staking ETFs
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Grayscale plans to update the trust agreements for its Ethereum Staking ETF (ETHE) and Solana Staking ETF (GSOL). The changes would allow ETH and SOL staking rewards to be converted into cash and paid to shareholders at least quarterly after fees. The amendments could take effect as early as August 7. Payment amounts and dates will depend on staking rewards, expenses, and tax considerations. ETHE previously distributed about $9.39 million in staking rewards, equal to roughly $0.083 per share.
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